$250,000 State Fund Created to Support Rural Entrepreneurs

Governor Kate Brown and Business Oregon, the state’s economic development agency, will invest $250,000 to support a new rural entrepreneurship program to drive economic opportunity for all Oregonians.

“Oregon doesn’t thrive unless all communities have access to expanded economic opportunity,” said Governor Brown. “Seeding the talented entrepreneurs of rural Oregon is a smart development tool that ensures every corner of the state can take part in our growing economy.”

The program will expand seed capital and mentor opportunities available in rural communities. The fund follows a similar state investment made in August to strengthen diversity among Oregon startups.

How the program works: Business Oregon will award grants to nonprofits and public agencies to expand Oregon’s capacity for innovation, entrepreneurship, and capital in rural communities. For more information, view the request for proposals and Business Oregon’s Rural Entrepreneurs web page here